I googled it and it is just paint. It's referred to as a "ring bat". They are on different locations on the bat. Some are in the middle. It didn't reference the value of the bats. They are from the 1800's.Can somebody that knows Baseball history comment on those bats? They look like they made a trip to the blacksmith and had a metal band put on the business end.
Here's and old one from Williamspirt. Dedication day for the Williamsport airport July 22, 1929. The Pride of Susquehanna was the sister ship of Charles Lindberg's the Spirt of St. Louis.Not quite as old as the OP, but historic nonetheless....the 1947 Avco (Lycoming Engines) team. Back then all the Williamsport area factories (Bethlehem Steel, Darling valve, & c.) had teams. An industrial league of sorts. And they took their ball pretty serious.
Most of those men are only a couple of years removed from WWII service. The ones who didn't serve overseas were making the engines that powered many of the planes that filled the skies over Europe and the Pacific.